$ParkwayLife Reit (C2PU.SG)$ Watch interest rates - higher interest rates mean higher interest costs for most REITs as they borrow money for their properties.
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$SIA (C6L.SG)$ If it can close above 5.2 today or tomorrow, it may look to retest the 5.78 high next week. Otherwise, it may range back to 5 again.
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$ParkwayLife Reit (C2PU.SG)$ If it breaks above 4.9, will be watching 5.15 - the 61.8 fibo extension from the run up from 4 to 4.9 and retracement to 4.6.
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$ParkwayLife Reit (C2PU.SG)$ If it can hold above 4.8 at the end of today’s closing, it may have the chance of retesting the 4.9 high in the next few days.
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$ParkwayLife Reit (C2PU.SG)$ Hourly momemtum looks good to bring it to 4.8 today. If this continues, may retest 4.9 high next week.
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$DBS (D05.SG)$ Watching 30.8 - 30.9. This could be the new range low price before retesting 31.50 high.
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$DBS (D05.SG)$ Couple of dates to watch out for. 11Aug - US will release inflation numbers tomorrow night which may influence the FED tightening policy and in turn bank stocks. 13Aug - DBS ex-dividend date - this may be opportunity to buy the dip if the stock keeps going up between now and the ex-d date. For now, it looks like the stock may hold the up trend in the afternoon as the US 10 year yield is looking upwards during the Asia trading hours.
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$DBS (D05.SG)$ Watching 32 today. Believe bank stocks should go up though general market mood is down. Last night US bank stocks and bond yields continue to trend up. Will accumulate if it opens below 31.
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$DBS (D05.SG)$ Last night US jobs creation data is way above expectations. Does this mean Fed will tighten soon? After the news, US banks shares and bond yields seemed to suggest so. Will this be the catalyst to drive DBS to convincingly break 31 come Tuesday? Since Monday is a holiday for the SG market, will be keeping a close watch on how the US banks and bond yields perform on Monday night. If it keeps the trend as last night, there maybe a good chance for a breakout trade on DBS come Tuesday....
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